Define The essential risk-mitigation action prior to project execution is to perform the further degree of engineering and associated cost definition necessary for financial closure.
Services: • FEED • Cost estimate
Engineering true cost It is possible to identify and engineer-out significant delivery risks through the front-end loading of engineering activity in the form of a Front End Engineering Design (FEED).
• Bankable feasibility study • HSE and IR strategies • Project execution plan
Sanctioning the project
• EIS/EA
WorleyParsons has established estimating norms that align the level of engineering progressed at FEED to the tolerance of cost estimate demanded by major companies and financial institutions. Critical schedule considerations include the mapping of the regulatory approvals process onto the project master schedule and the applicability of modularisation as a means of reducing site-based activity.
• Approvals management
Agenda
Your headline Forown our pit tosub port projects, we document a Bankable Feasibility Study incorporating these key elements of risk assessment, cost estimate and preliminary master program schedule as the basis to achieve financial closure.
Sound definition realises execution value Value Identification
Value Realisation t je c p ro io n d t o Go xecu E
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